Cost Benefit Analysis

This workshop builds the fundamental knowledge and skills to undertake an effective cost benefit analysis. You will leave this course with the skills and knowledge to identify and forecast cost and benefits, how to value them and how to apply qualitative techniques in your analysis. 

You will also explore how to assess risks, test the sensitivities of a cost benefit analysis and how to report your results. It is a stand-alone course that is also designed to complement the “Develop an effective business case” workshop.

• Gain a better understanding of basic finance and accounting principles
• Strengthen your ability in budget and financial management
• Increase your ability in budget planning including the cost-benefit analyses of various options.

Key Content:

• Benefits and limitations of CBA
• Purpose of a business case
• Components of a business case
• Identify your project
• Stakeholders
• Define the objectives of your proposal
• Identify options
• Cost benefits
• Cost and benefits valuation
• Risks
• NPV and BCR
• Simple sensitivity analysis
• Elevator pitch

Learning Outcomes:

• How to Establish the Objectives and Outcomes of The Initiative
• Understand the Role of Options Development In CBA
• Ways to Identify and Classify Costs and Benefits Including Qualitative Factors and Distributional Impacts
• How to Assess Net Benefits Utilising Net Present Value (NPV) And Benefit Cost Ratio (BCR)
• Understand the Role of Post Evaluation and How to Set It Up for Success.